CAZ Investments, a Houston-based investment manager, has made a $1 billion commitment to Blue Owl GP Stakes Fund VI.
The CAZ team and its co-investors have allocated approximately $4.7 billion to General Partner Stakes alongside multiple partners, including Blue Owl Capital (formally Dyal Capital Partners). The allocation to Blue Owl GP Stakes Fund VI is representative of CAZ's leadership in the ownership of minority stakes of private asset management firms which can provide differentiated benefits for investors.
"We are thrilled to expand our partnership with the talented team at Blue Owl and their well-established expertise," said Christopher Zook, chairman and CIO at CAZ. "We view GP stakes as an appropriate cornerstone allocation of an investor's portfolio, based on the rare combination of downside protection, upside optionality and attractive cash flow that this asset class can provide. The cash yield also provides a compelling alternative to a traditional fixed i